Qualcomm (NASDAQ:QCOM) Trading 1.3% Higher – Here’s What Happened

Qualcomm Incorporated (NASDAQ:QCOM) was up 1.3% during mid-day trading on Tuesday . The company traded as high as $129.29 and last traded at $128.78. Approximately 11,958,798 shares traded hands during trading, an increase of 4% from the average daily volume of 11,458,355 shares. The stock had previously closed at $127.07.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Mizuho lowered their price objective on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Piper Sandler restated an “overweight” rating and issued a $200.00 target price on shares of Qualcomm in a research report on Thursday, February 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $140.00 price target (down from $175.00) on shares of Qualcomm in a research note on Thursday, March 26th. Susquehanna downgraded Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research report on Thursday, February 5th. Finally, Seaport Research Partners restated a “sell” rating and issued a $100.00 price objective on shares of Qualcomm in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $163.77.

Qualcomm Price Performance

The stock has a market cap of $137.41 billion, a price-to-earnings ratio of 26.61 and a beta of 1.25. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The company’s fifty day moving average is $140.47 and its two-hundred day moving average is $160.04.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same period in the prior year, the firm earned $3.41 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, research analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, March 5th. Qualcomm’s dividend payout ratio (DPR) is 73.55%.

Qualcomm announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the sale, the executive vice president owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,866 shares of company stock valued at $1,474,796. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Qualcomm

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its stake in shares of Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after buying an additional 65 shares during the period. Cloud Capital Management LLC purchased a new position in Qualcomm in the third quarter worth approximately $27,000. Richardson Financial Services Inc. lifted its stake in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Torren Management LLC acquired a new position in Qualcomm during the 4th quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.